KNDS, the European leader in the design and manufacturing of main battle tanks, is set to list on the stock market with an estimated valuation of up to €20 billion. The listing is expected to be one of the largest in European history, with the company's shares set to be in high demand from major investors.
A group of reclusive heirs, who collectively own half of KNDS, stand to gain a significant windfall from the listing. The heirs, who have chosen to remain anonymous, have been the private owners of the company since its inception.
The sale of KNDS is expected to attract major investors, including the German government. The German military has been a key customer for KNDS, purchasing several of the company's main battle tanks in recent years.
The listing is expected to provide a significant boost to the European economy, with the company's shares set to be traded on the Euronext Paris stock exchange. The listing is also expected to be a major coup for the French government, which has been actively promoting the development of the European defence industry.
Analysts have welcomed the news, citing the potential for significant growth in the European defence industry. 'This is a major development for the European defence industry,' said a spokesperson for a leading investment bank. 'We expect significant interest in the company's shares, particularly from institutional investors.'
The listing is expected to take place in the coming months, with the company's shares set to be issued to the public at an estimated price of around €10 per share. The listing is expected to raise significant funds for KNDS, which will be used to finance the company's continued growth and expansion.